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Question
Receipt voucher is used when the cash is accepted.
Options
True
False
Solution
Receipt voucher is used when the cash is accepted. - True
Explanation:
- The record of a cash or bank receipt is kept on a receipt voucher, also known as a credit voucher.
- They are of two categories:
(a) Cash receipt voucher - It includes details about cash received in hand.
(b) Bank receipt voucher - It includes details about cheque received, demand draft, or any other mode.
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